Day: August 9, 2019

Piggy banks have long served as a symbol of financial prudence and savings, a place to deposit pocket change and hold it for a rainy day. But what if fiat coins aren’t the best stores of value after all? For Jim, the creator of Opendime-powered company BitPiggys, these novelty banks clearly needed an introduction to Bitcoin. Bitcoin has always been appreciated by its adopters for its uncensorable and non-confiscatable nature. While many government-backed currencies can undergo unpredictable inflation or other manipulations, Satoshi’s invention is steady and robust. So, when it…

Mike McGlone believes Bitcoin’s current volatility is unsustainable and as it tapers off BTC price will enter an extended period of consolidation. Bitcoin Price will Drop as Volatility Dries Up Earlier this week Bloomberg Intelligence senior commodity strategist Mike McGlone cast doubt on the widely held belief that Bitcoin is destined to the moon to a new all-time high before the 2020 halving event.  According to McGlone, technical charts show that Bitcoin’s volatility is “too high to sustain Bitcoin gains”. McGlone explained that the 30-day minus 180-day guage is fast…